Confirm Cordray: The Republicans obstruct a consumer watchdog

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Richard Cordray is acting head of the Consumer Financial Protection Bureau and one of the favorite whipping boys of Republican members of Congress.

The former Ohio attorney general can't get confirmed as permanent director of the bureau. He can't even get a vote in the Senate.

The real problem Republicans seem to have with the agency is its very purpose: Protecting consumers from unscrupulous loans, credit card deals and investment schemes. But they can't say that, so they attack Mr. Cordray instead.

The latest insult came after Mr. Cordray went to the House to report on his agency. A committee refused to hear him. The chairman said that he would not recognize his authority. The implied message is that the agency should not even exist.

This childish behavior hardly serves the interests of American consumers.

Mr. Cordray is doing a good job in a sorely needed agency. Thousands of Americans are still getting the shaft from banks and credit-card companies. The bureau is uncovering unscrupulous practices and warning Americans before they get taken again. It's the reason the agency was created.

Republicans should get out of the way and let Mr. Cordray be confirmed for the job he's already doing.



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